Windstream Corp. of Little Rock announced Tuesday a debt offering of $400 million to finance the cash component of its recent acquisitions of D&E Communications Inc. and Lexcom Inc.
The senior notes, which are due 2017, will also allow Windstream (NYSE: WIN) to refinance D&E's debt and to pay transaction fees and expenses.
Windstream expects to complete the offering by early October.
Windstream also seeks to extend the maturities of its existing senior secured credit facilities and increase the interest rates on loans which have extended maturities.
While the firm expects to complete the amendment by the middle of October, it did not say how long it seeks to extend its debt obligations.
